There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…
Staffing factoring is crucial to a staffing company’s balance sheet. Payment terms with clients mean a gap in available working capital for staffing businesses. Your employees need to be paid on time, but you are waiting for your clients to pay. Here is where invoice factoring…
How do you intend to stay in business for the next year? There is an opportunity to build your business even stronger than before. There are a few routes you can take, but they all require planning and having the cash flow to be able to…
Many small businesses find themselves cursed with success. Large orders start to come in from customers, and the company’s cash flow is not enough to cover the cost of fulfilling those orders, even though the end result would be extremely profitable. In these cases, many business…
On this episode of #TheMoneyFactor, CEO Ian Varley and digital marketing specialist Kelly Elson discuss small business entrepreneurship during recessionary times. How can you grow or start a business right now? Why Start a Business or Grow a Small Business Right Now? So, Kelly, you see…
Business to business (B2B) sales techniques are different than selling to consumers. First, you are more likely to reach a gatekeeper or lower-level manager. The first challenge is catching your prospect at the right time. For cold calling, the best times to call are the first…
Invoice factoring and the amount available for funding relies on your company’s sales rather than the time you have been in business, personal credit score, or business credit score. Only 46% of businesses received the full amount of financing sought according to the 2017 Small Business…
Whether you have closed your business temporarily during the COVID-19 shutdown or whether you have still been operating at a reduced capacity, you have to plan to restart your business after COVID-19. Financing and managing your receivables will be key components of your plan to resume…
Growing businesses can find themselves strapped for cash. This is because expansion means rising costs in overhead, supplies, and payroll. 82% of business failures are caused by cash flow, so it’s important to trim down the unnecessary costs of business. Even running a lean operation, chances…
Longer term pictures of cash flow can be important when wooing investors or bank underwriters, but the COVID-19 disruption in business can make this statement inaccurate when it comes to staying afloat short term. This is where a 90 day cash flow forecast can help you…